High-leverage trader James Wynn opens 25x long on ETH, 10x on PEPE

James Wynn, a crypto trader known for his high-leverage crypto bets, has initiated two major leveraged positions, including a 25x long on Ether (ETH, $3,743) and a 10x long on PEPE (PEPE, $0.00001404).

According to onchain data, Wynn’s Ether position amounts to 3,269 ETH, valued at approximately $12.12 million, with an entry price of $3,726.28. His kPEPE (the name for the $PEPE-USD futures contract on Hyperliquid) long spans a staggering 812.16 million tokens, worth roughly $11.28 million at an average entry of $0.01358.

At the time of writing, Wynn is sitting on a $251,617 unrealized profit from his PEPE position, while his ETH bet is currently down over $62,700. The ETH trade faces liquidation at $3,492.8, while the PEPE position’s liquidation level sits at $0.012998.

Wynn entered the positions after depositing 536,573 USDC into Hyperliquid, a decentralized perpetuals exchange.